Freestanding Restaurant with
1268 Osgood Street, North Andover, MA 01845
For Sale
Contact for pricing
A 2019-built dining property has a fully equipped kitchen, bar, and multiple indoor and outdoor dining areas.
Property Size7,200 SF
Price / SF$0.00
Days on Market48
Property Features for 1268 Osgood Street
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Additional Details
Patio
Building Details
Building Size
Year Built
Listing Agency:
Lillian Montalto Signature Properties
Listed By:
Team Lillian Montalto
(978) 475-1400
Source:
Churchillprop
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 10 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lillian Montalto Signature Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this 7,200-square-foot freestanding restaurant is zoned COM and includes a fully equipped commercial kitchen, dining room, and bar. Dining areas extend to an enclosed heated patio and two outdoor patios, providing a mix of indoor and exterior seating.
The property is at 1268 Osgood Street in North Andover, Massachusetts. Traffic counts on the location exceed 30,000 vehicles per day. The complex includes 192 apartments, and an Amazon fulfillment center is two blocks away.
The property is at 1268 Osgood Street in North Andover, Massachusetts. Traffic counts on the location exceed 30,000 vehicles per day. The complex includes 192 apartments, and an Amazon fulfillment center is two blocks away.
Key Highlights
- 7,200‑square‑foot freestanding restaurant built in 2019
- Fully equipped commercial kitchen, dining room, and bar
- Enclosed heated patio plus two outdoor patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,086
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,661,720
$2.7M
Cap Rate 7%
$1,901,229
$1.9M
Cap Rate 9%
$1,478,733
$1.5M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$181.4K $25.20/SF
− Vacancy
−$4.0K −$0.55/SF
EGI
$177.4K $24.65/SF
− OpEx
−$44.4K −$6.16/SF
NOI
$133.1K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,661,720
Cap Rate 7%
$1,901,229
Cap Rate 9%
$1,478,733
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,086 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,366 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
9,977 visits/mo
0.2 miles
Demographics for 01845, MA
31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Essex County, MA
Properties on Market for Conventional restaurants in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 2019-built dining property has a fully equipped kitchen, bar, and multiple indoor and outdoor dining areas.
Where is this conventional restaurant located?
The property is located at 1268 Osgood Street North Andover, MA.
What are key features of this property?
This property features: 7,200‑square‑foot freestanding restaurant built in 2019; Fully equipped commercial kitchen, dining room, and bar; Enclosed heated patio plus two outdoor patios
